Practice
Profession
Special Report: Less is more in new audit engagements at Canadian Big Four accounting firms
KPMG led rivals in net new audit clients but PwC scored the biggest win in 2021
Profession
IFAC report: Audit fees in Canada rise to seven-year high
Canadian audit fees trail US surge but remain far ahead of European auditors
Practice
How contract agreements impact SR&ED claims
Canadian accountants filing SR&ED claims should be careful when their client companies use subcontractors, explains Richard Hoy of Catax Canada
Profession
Sunday News Roundup 22.04.24: Come-from-away taxes, truck taxes, and more
Wrapping up the odds and ends from the past week in Canadian accounting news
Practice
Transferring cryptocurrency to a bare trustee or holding cryptocurrency as a bare trustee
Tax lawyer and accountant David Rotfleisch on Canadian cryptocurrency tax planning through the use of bare trusts
Practice
A Canadian tax lawyer's guide on net worth assessments – Halls v The Queen, 2022 TCC 14
Canadian accountant and tax lawyer David Rotfleisch on a net worth assessment win for the CRA involving a taxpayer's record keeping
Partner Posts
Getting the most value from an Accounting Partner Program like FreshBooks
Twyla Verhelst of Freshbooks on getting the most value from the tangible and intangible benefits of Accounting Partner Programs
Practice
How to use BVI or other offshore non-CCPCs to save tax on investment income
Canadian tax lawyer and accountant David Rotfleisch the risks (and rewards) of the British Virgin Islands tax avoidance strategy
Profession
PwC Canada fined over one million CDN by US, Canadian regulators
Big Four accounting firm voluntarily disclosed to regulators that its employees shared answers on mandatory internal training courses
Partner Posts
Cloud payroll – An accountant’s guide for onboarding small businesses and their employees
Start your client engagement relationships with trust with these handy onboarding checklists from Community Manager Bianca Mueller of Wagepoint
Business
You Can Hide … But CRA Will Find You
Timothy Dunn of Minden Gross LLP on why the CRA may be coming after lenders, creditors and owners of struggling businesses
Partner Posts
How the FreshBooks Partner Program helps Canadian accountants
Twyla Verhelst of FreshBooks on the real value of an accounting partner program
Practice
A Canadian tax lawyer's perspective on income tax statute-barred periods
David J Rotfleisch on the timing legalities of reassessments
Practice
A Canadian tax lawyer's perspective on Tax Court of Canada minutes of settlement vs. consent to judgment
David J Rotfleisch on settling a dispute prior to a hearing in Tax Court
Practice
Avoiding the pitfalls of partnerships when making SR&ED claims
Partnerships participating in the SR&ED program may find the process to be significantly more complex compared with normal corporations
Practice
RRSP double taxation from overcontribution
Tax lawyer and accountant David J Rotfleisch on double taxation and relief
Practice
Reeves v the Queen & applicability of the GST/HST new housing rebate
Tax lawyer and accountant David J Rotfleisch on why a homebuyer was denied the new housing rebate by the Tax Court of Canada
Thought Leaders
The Calm Before The Insolvency Storm?
David Bish of Torys LLP on the current insolvency climate and forecast for 2022
Practice
Tax Court rules that gift of shares of a private corporation to a foundation was ineligible for a charitable tax credit
Tax lawyer and accountant David J Rotfleisch on gifting non-qualifying securities such as a promissory note to a registered charity
Thought Leaders
The pandemic and productivity silver linings
Tax Lawyer Dean Blachford on some of the ways that Ottawa-area accounting firms have adapted and innovated during the Covid-19 pandemic
Thought Leaders
CRA applying GAAR for outside/inside ACB misalignment on 55(3)(a) transactions
In the final part of a three-part series, Doug S. Ewens and Kenneth Keung of Moodys Tax Law ask whether the CRA is over-reaching on the scope of the GAAR
Thought Leaders
Our response to the CRA's position on creditor-proofing reorganizations – part 2 (a case study)
A three-part series from Doug S. Ewens and Kenneth Keung of Moodys Tax Law
Practice
What can a taxpayer do if a CRA decision letter is unclear?
Canadian accountant and tax lawyer David J Rotfleisch on a recent Federal Court decision against Canada Revenue Agency
Practice
When to file (and when not to file) a service complaint against the CRA
Pierre Alary of Gowling WLG on factors that support the filing of a service complaint as part of an ongoing tax dispute
Practice
Pandora Papers: More smoke than fire? CRA VDP operations manual: Top 10 takeaways
Stevan Novoselac and John A. Sorensen of Gowling WLG on the nuances of the CRA's VDP Operations Manual